3 ms·
>why didn’t their profitability soar Because their stock buybacks and other executive compensation did. This is public information. It’s really weird how we
by wredue 3y ago
>why didn’t their profitability soar
Because their stock buybacks and other executive compensation did.
This is public information.
It’s really weird how we also publicly acknowledge the ability of companies to hide profits, but when it comes to actually discussing corporate greed, in comes the bootlickers to drop their “wHY AReNT PrOFiTS SoArINg ThEN?!?”
We can see where as much as they want us to see is going: a couple people and a couple board members.
- HDThoreaun 3y agoBuybacks count as profit.
- wredue 3y agoFine. Then Walmarts “consultant fees” for a one person company that happens to share an office space with 5000 other companies in a tax sheltering country most likely grew substantially. All that really matters here is that we stop pretending that Walmart doesn’t have an army of lawyers and accountants making the public books appear however they want us to see them.
- bryanlarsen 3y agoAll the incentives are to goose profits, not hide them. Higher profits mean a higher stock price, which is how executives make the bulk of their pay.
- vondur 3y agoIsn’t there a way to flag posts like this which attack people and call them bootlickers?